Navi Nifty Midcap 150 Index Fund
The scheme seeks to achieve return equivalent to Nifty Midcap150 Index by investing in stocks of companies comprising Nifty Midcap 150 Index, subject to tracking error.
Growthvine rating: 4/5 — ranked #31 of 244 in category.
Fund basics
| Category | Equity: Index |
|---|
| NAV | ₹21.36 (as of 2026-08-21) |
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| AUM | ₹389 Cr |
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| Expense ratio | 0.90% |
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| Riskometer | Very High |
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| Fund manager | Ashutosh Shirwaikar |
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| Exit load | 0 |
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Performance & risk
| Sharpe ratio | 0.65 |
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| Standard deviation | 17.93% |
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| Max drawdown | -21.24% |
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| Alpha | -0.79 |
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| Beta | 1 |
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Market cap allocation
| Large cap | 11.1% |
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| Mid cap | 84.7% |
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| Small cap | 4.3% |
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Concentration
| Top 5 holdings | 10.7% |
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| Top 10 holdings | 18.0% |
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| Total holdings | 150 |
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Top holdings
- BSE Ltd. — 3.6%
- Federal Bank Ltd. — 2.1%
- Laurus Labs Limited — 1.7%
- Hero MotoCorp Limited — 1.7%
- Multi Commodity Exchange of India Ltd — 1.6%
- IndusInd Bank Ltd. — 1.6%
- Persistent Systems Limited — 1.4%
- COFORGE LIMITED — 1.4%
- AU Small Finance Bank Limited — 1.4%
- Bharat Heavy Electricals Ltd. — 1.4%
Top sectors
- Banking & Financial — 16.8%
- Pharma & Biotech — 8.9%
- Retail — 7.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 4.8% | — | — |
| 2025 | 4.6% | — | — |
| 2024 | 22.9% | — | — |
| 2023 | 42.4% | — | — |